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Contacted by GTR Source, LLC?

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Jump to: Who Is GTR Source, LLC

Being sued for business debt by GTR Source, LLC?

If you were tempted by a quick-fix solution for your business, you may be facing default on your loans or even being sued by creditors such as GTR Source, LLC. What may have seemed like the right move to get cash fast may now have you worried about the future of your business. You’re not alone. Tayne Law Group, P.C. is here for you and your business’s debt resolution needs.

First phone
consultation is always free.

GTR Source, LLC claims to provide working capital in the form of merchant cash advances (MCAs) to small-to-mid-sized businesses. While the speed and convenience of merchant cash advances can be tempting to businesses in need, their high APRs can make them incredibly difficult to repay. As a result, you may now be dealing with collection calls on a defaulted loan or even a judgment from a lawsuit.

Merchant cash advances, like those from GTR Source, LLC, are not your only option. Businesses may consider short-term loans or business lines of credit instead. Short-term loans have more lenient qualifying criteria because their repayment terms are generally only around three years. Lines of credit are revolving credit, meaning your business can borrow against it as often as you need at a more affordable rate, if you can qualify. Still, there is an option that does not involve more borrowing.

Tayne Law Group has proven success in resolving debt with GTR Source, LLC. In fact, our firm has settled an account with them on behalf of a client. The original balance on the loan was over $96,000, and we settled for $46,5000, saving the client nearly $50,000.

Additionally, in our experience, GTR Source is often represented by the Law Office of Marcella Rabinovich, located in New York, New York. With our experience and successful strategies, we can help give your business the chance it needs to stay open. Make the call today.

FAQs about GTR Source, LLC

What is GTR Source, LLC?

It is a private lender that offers working capital in the form of merchant cash advances to small-to-medium-sized businesses. Additionally, the company claims to work with all industries nationwide, including seasonal businesses.

Why would a business work with GTR Source, LLC?

The company claims to invest in projects that may be denied by traditional banks. The company says they will communicate the application approval decision within hours, and funds can be available in 24-48 hours. Additionally, the company claims to only review a business’s recent credit history. On the other hand, traditional banks typically review the past six years.

How are merchant cash advances repaid?

Businesses can borrow merchant cash advances on 3-12 month terms with GTR Source, LLC. The borrowing business guarantees a percentage of its credit card sales to the creditor on a daily, weekly, or monthly basis. As a result of this payment schedule, APRs on merchant cash advances can reach the triple digits based on the success of the business.

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How our debt relief works

From first contact with us to the moment we secure a settlement, your journey with us is designed to be easy and worry-free, ensuring you receive the support you need at every stage.

  • First, reach out

    Use our form to request a consultation, send us an email, or give us a call. The first phone consultation with our staff or an attorney is always free!

  • We’ll learn about you

    In the consultation, we’ll talk about your situation and find the best solution to get you out of debt. We’ll also discuss a low monthly payment that fits within your budget.

  • Make the first payment

    Once you make your first payment, all communications with creditors happen through us. It’s one less thing to worry about!

  • You’re one step closer

    From that point on, we’ll support your journey, help you understand your debt, and be there for you throughout the entire process.

    To get started, call (866) 890-7337.

To get started, call (866) 890-7337.

Why people choose Tayne Law

A debt relief law firm

Personalized Program

Every situation is unique. We’ll work with you to find a solution that resolves your debt and frees up your cash flow.

No-billing
Policy

You make one low monthly payment and will never get an unexpected bill.

Experienced NY Debt Attorneys

We have more than 20+ years of experience providing clients with debt relief.

Confidential & Trusted

As a law firm, our attorneys follow strict client confidentiality. Our services are discrete and effective.

Work with Creditors

We work with all creditors, whether you’re dealing with a collections firm, a national bank, credit union, or another lender.

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A team member will respond within 1 business day.

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